The aggregate deficit of the 6653 schemes in the Pension Protection Fund's PPF 7800 index amounted to £21.8bn at the end June down from a surplus of £11.7bn at the end of May.
The lifeboat fund said this deficit relates to a funding ratio of 97.6% on a section 179 basis - noting total assets were £901.5bn and total liabilities amounted to £923.3bn. The index showed there...
Royal London saw its new group pension business decline over the first half of 2018 as the rollout of auto-enrolment (AE) drew to a close, according to its interim results.
Now Pensions has made "huge progress" in resolving legacy administration issues - switching systems and completing unit adjustment for a "large proportion" of members, it says.
Trustees of the Airways Pension Scheme (APS) will not make a firm decision on whether to appeal the Court of Appeal's judgment on discretionary increase payments until September.
Accountant Hashmukh Shah has pleaded guilty to deliberately providing false information to The Pensions Regulator (TPR) when stating a pension scheme had been set up for staff of a London-based restaurant.